Indian Coal Market Outlook

Near Term Import Growth

India is the world’s second largest coal consumer behind China. Whilst China is making substantial gains in reducing coal as part of its energy mix, India is much further behind. Coal-fired power plants account for approximately 195 gigawatts (GW) of India’s 330 GW installed power capacity. Due to the time and cost it takes to build alternative sources of power, thermal coal’s portion of the Indian energy mix is unlikely to change substantially in the coming years.